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Map
$2,632,797*
●
Multifamily -
Off Market
224 S Broadway
Redondo Beach, CA 90277
Studio
0 Bath
2137 Sqft
$1,620,000 - $1,980,000
Reference Base Price*
46.27%
Since Jan 1, 2020
National-US
Primary Model
About This Property
Maybe every 5 years this type of property comes up for sale.
There is nothing like this for sale in the beach cities right
now. Total Vintage Charm. Just 2 blocks from the Redondo
Beach Pier sits four, 1920's individual beach cottages. All four
units are 1 bed with 1 full bath, plus dining area, and own laundry
off kitchens, Each cottage with their own yard & porch. Two
units with clawfoot tubs. Original windows and glass. Perfect for a
individual or couple. Standalone 2 car garage with 3 car parking
spaces in driveway. Attached to garage are 4 separate storage
closets. First time on market in 25 years. This property was
originally a 1920's family summer retreat/compound. Additional the
property offers a communal hangout to BBQ or just 'be.' Note:
Photos will be added after 10/25. Per the city, the units may
be eligible for the 'Mills Act' to have the property taxes lowered
by up to 50%. That would involve restoring the units to their
original glory. Conversely, it is possible the units can be
razed and 3 new attached townhomes can be built. Detailed
financials are available including a 20 year cash flow
projection.All units will be unoccupied by December 1, 2019. That
makes is very easy to do anything you want with the property.
The units need a lot of TLC, but this property could be an
absolute jewel with the right vision.
The manager has listed the unit size as 2137 square feet.
The manager has listed the unit size as 2137 square feet.
Unit Size
2,137Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$842
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1920
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jul 30, 2021 | Sold to Miho Kurogi | $2,350,000 | |
Sold to Miho Kurogi | |||
Dec 13, 2019 | No longer available | - | |
No longer available | |||
Oct 23, 2019 | Listed | $1,800,000 | |
Listed |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
Townhouse
3
Beds
2.5
Baths
2,090 ft²
$717/ft²
$1,499,000
Jan 11, 2023
-
-
Townhouse
4
Beds
1.5
Baths
2,640 ft²
$567/ft²
$1,498,000
Jan 25, 2023
-
$250/mo
Active
Townhouse
3
Beds
3
Baths
2,839 ft²
$528/ft²
$1,499,000
Jul 22, 2022
-
$1,062/mo
In Contract
Townhouse
4
Beds
3.5
Baths
3,042 ft²
$649/ft²
$1,975,000
Jun 28, 2022
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/23/2019
|
|
Studio
|
-
|
2137 ft²
|
$1,800,000
Studio
-
2137 ft²
|
-
-
|
-
|
Nick Peters
Engel & Volkers LA-South Bay
|
Building Info
224 South Broadway Avenue
224 South Broadway Avenue, Redondo Beach, CA 90277
About South Redondo Beach
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